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Google’s Latest Layoffs Are A Huge Red Flag For Stock

Google (NASDAQ:GOOG) stock hasn’t benefited even after it announced it would pursue a series of layoffs, would be cutting 12,000 jobs or 6% of the total workforce.

Job cuts are not new for the tech industry. Earlier in the year, competitors Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT) laid off a combined 28,000 workers, as they predicted revenue and earnings would slow in 2023. Last week, Google announced another round of layoffs in its News division. Here are some reasons why these latest layoffs are red flags for GOOG stock.

This post appeared first on InvestorPlace.